The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August. I have published on two other ...
more The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August. I have published on two other prominent financial websites, Seekingalpha.com (as Gary A) and at Businessinsider.com. I muckrake the banking system and found premeditated causes for the housing bubble and subsequent meltdown. I am married with 4 grown children.
Specialties: Impacts of politics on the economy, interpreting economists, writing about the negative impact of some aspects of globalization and pros and cons of the new normal. I don't like tariff wars. Email bgamall at gmail
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Ray Dalio – The Problem Is With The Markets: Not With Mario Draghi’s Policies
What is inflation in the Eurozone now? It is a long way to 2 percent.
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
I believe the west supports Boko Haram. The west destabilizes the Middle East through regime change and Africa through chaos and killing and ethnic hatred. JMO.
BIS Points Finger At Yellen, Draghi: Warns About "Unthinkably" Low Interest Rates, Bond Market "Dislocations"
The BIS wants to take heat off of itself. I don't think it is sincere. JMO.
Could The Fed Have Prevented The Financial Crisis?
From a conspiracy theory point of view, the Fed made it possible for the big banks to get bigger and own a lot more real estate. And the middle class was weakened and there are lots of motives for the wealthiest seeking to make that happen.
How Much Can The Fed Raise Rates?
Cullen, you know that raising rates in order to get long rates to rise may not work with this massive demand for long bonds. So, the Fed most likely will gain power going the other way, as Summers wants. He is logical but dangerous. www.talkmarkets.com/.../summers-and-roubini-talk-negative-interest-rates-sound-logic-but-uncharted-waters
International Economic Week In Review: Why Are We Growing So Slowly?
Very interesting article that everyone should read. I have recently believed that slow growth is a conspiracy, meaning that since the Fed cannot jack rates up to slow an overheating economy, without killing the big banks, it prefers to keep everything slow. I wonder what the author believes regarding this conspiracy. www.talkmarkets.com/.../summers-and-roubini-talk-negative-interest-rates-sound-logic-but-uncharted-waters
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
It is fact that Kerry wants ISIS to stick around. And Drudge said we are still arming ISIS. Read up on Oded Yinon and it will make more sense to those who read it: www.talkmarkets.com/.../did-the-turkey-and-russian-spat-change-the-fake-war-on-isis-into-the-real-deal
Great article by Tyler exposing the fact that the government will go to any lengths to cover up the real motive for keeping ISIS around, regime change and to please Saudi Arabia and Israel.
Did The Turkey And Russian Spat Change The Fake War On ISIS Into The Real Deal?
Author note: Just FYI, even Iraqi soldiers believe the US is backing ISIS: www.washingtonpost.com/.../...eebcbb272_story.html
Stocks Are Plunging
Jane Wells of CNBC stated that it is strange that the freeways were still open with three shooters on the loose. It is a hoax, Tyler.
And cell phones confiscated, same as Umpqua. Hoax upon hoax.
The Financial Phenomenon Of Debt Lag
I raised 4 children. Debt was an issue when they were young, when I wanted them to see the world, or at least a small part of the world. Debt was an easy way to get them out away from the small town in which we were living. But it caused problems later on for me. Still, I think they benefited as two of them have had jobs that required considerable traveling.